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Tag Archives: brics bank needs US dollars
BRICS Bank: China-based New Development Bank that’s trying to de-dollarize global lending is now having trouble repaying its dollar debts
.. Based in Shanghai, the New Development Bank was meant to establish an alternative to US-dominated, dollar-based financial institutions like the International Monetary Fund and dovetailed with Beijing’s efforts to erode the greenback’s status. .. A China-based bank that’s trying … Continue reading
